344 The Promenade BLDG 13 N #344EdgewaterNJ07020
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Edgewater at 344 The Promenade BLDG 13 N #344, Edgewater, NJ, 07020 uses $208,914 cash to close to unlock $1,582/yr annual cash flow and $132/mo monthly cash flow. Total monthly income runs $4,658/mo, and a $3,108/mo payment keeps the spread at $132/mo. Purchase price stands at $634,998, and rental yield measures 8.8% with $4,658/mo rent. Return on cash invested shows 20.82% in year one, and 5% annual appreciation builds toward $175,438 over five years. Five-year ROI reaches 108.92% and total cumulative return in cash records $227,540. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,658/mo property income covering a $3,108/mo payment rather than investor’s personal income.
Condo
Built in 2003
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07020, Edgewater, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,338 (100%) |
| Owner Occupied HU | 2,578 (35.1%) |
| Renter Occupied HU | 4,135 (56.4%) |
| Vacant Housing Units | 625 ( 8.5%) |
| Median Home Value | $847,464 |
| Average Home Value | $933,297 |
Housing Distribution
Address Breakdown
Residential
7,398
Single Family
2,466
Multi-Family
4,932
Businesses
590
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kelly Robinson • Signature Realty Nj
Mls Name: GSMLS
Mls ID: #3977354